Singapore Morning News For August 31

Singapore Morning News For August 31
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Toyota unit invests in Grab to power big data push
GRAB Inc and a unit of the Toyota Motor Corporation on Wednesday announced a collaboration targeted at Grab drivers, rather than towards users of the ride-sharing platform.
The Business Times 

‘World’s largest pre-school’ opens in Singapore, with capacity for 2,100 children
A pre-school with capacity for 2,100 children officially opened in Singapore on Wednesday (Aug 30).
Channel NewsAsia 

Fighting diabetes, one plate of nasi lemak at a time
At Dr Elly Sabrina Ismail’s home off Bukit Batok, a punching bag hangs from the ceiling in stark contrast to an otherwise elegant room.
Channel NewsAsia 

1 in 5 sexual assault cases involved use of technology
Nearly one-fifth of the 338 sexual assault cases seen by the Association of Women for Action and Research’s (Aware) drop-in centre last year involved the use of technology, the group said. Aware also called for better protection for victims of such forms of abuse.
Today Online 

Singaporeans spend twice the global average on children’s local education: HSBC
Parents in Singapore spend on average US$70,939 (S$96,196) a year for their children’s local education, almost double the global average of US$44,221, according to a report by HSBC.
Today Online 

Singapore Port Authority will not renew Universal Energy’s ship fuelling licences
Singapore’s Maritime and Port Authority (MPA) will not renew the bunker supplier and bunker craft operator licences for Universal Energy, one of the city-state’s biggest suppliers, when they expire on Aug. 31, the MPA said in a press release on Wednesday
Hellenic Shipping News 

Additional Support Expected For Singapore Bourse
The Singapore stock market has alternated between positive and negative finishes through the last seven trading day since the end of the five-day losing streak in which it had fallen more than 60 points or 1.9 percent. The Straits Times Index now rests just above the 3,265-point plateau and it’s expected to move higher again on Thursday.

Why Alaska Airlines is partnering with Singapore Airlines
The partnership with Singapore Airlines is a good addition to Alaska Airlines’ stable of foreign airline partners, travel analysts said. But the fine print won’t make high-end business travelers happy.
Biz Journals 

Two Singapore telcos reintroduce unlimited data plans
Two Singapore telcos have unveiled new mobile plans that include unlimited data access from S$98 a month and during the weekends.

Govt approves import of 300,000 tonnes rice from Cambodia, Singapore
The Cabinet Committee on Government Purchase endorsed the proposals at a meeting chaired by Finance Minister AMA Muhith on Wednesday.

M1, StarHub offer unlimited-data mobile plans
IN a sign that the impending entry of new players is shaking things up in the telco sector, M1 and StarHub on Wednesday unveiled new mobile postpaid plans featuring free unlimited data.
The Business Times 

Singapore is Vietnam’s important partner: Ambassador
Singapore is always an important partner of Vietnam during its development process, said Vietnamese Ambassador to Singapore Nguyen Tien Minh at a meeting on August 29 to mark Vietnam’s 72nd National Day (September 2).
Vietnam Plus 

Singapore’s new tourism campaign aims for diversified cultural platform
The Singapore Tourism Board (STB) and Singapore Economic Development Board (EDB) have unveiled a joint venture to market Singapore for tourism and business opportunities internationally.
Band Wagon 

RSAF Chinooks arrive to assist in Hurricane Harvey disaster relief
The four Republic of Singapore Air Force (RSAF) CH-47 Chinook helicopters from its Peace Prairie detachment in Grand Prairie, Texas have arrived on site to assist in the US’ Hurricane Harvey disaster relief operations, Singapore’s Ministry of Defence (MINDEF) said on Thursday (Aug 31).
Channel NewsAsia

Toh Guan fire probe: Firm told to suspend sale of cladding products
A construction firm under investigation for supplying materials that apparently failed to meet fire-safety regulations, has had to stop selling some of its cladding products after the certifications for those products were suspended.
Channel NewsAsia

People Digest: Northern Trust appoints SG head; Aquila Capital opens Japan office
Wealth management firm Northern Trust has announced the appointment of Yen Leng Ong as country head Singapore and head of South East Asia while German fund manager Aquila Capital has opened an office in Tokyo and appointed Yasuhiro Odajima as Investment Manager Energy & Infrastructure APAC.

Singapore: Blockchain provider Bluezelle closes $1.5m Series A
Singapore-based blockchain solutions provider Bluzelle has closed a $1.5 million Series A round with participation from Global Brain, LUN Partners Capital and True Global Ventures.

Three applications already in the bag
THERE are just four more days to go before applications for this month’s presidential election close next Monday, and it is still anyone’s guess whether at least two qualified candidates will emerge in order to force a contest.
The Business Times 

Asia a transaction banking goldmine for StanChart
ASIA’s burgeoning economies are often the only growth engine for many multinationals and that in turn has helped boost Standard Chartered Bank’s transaction banking business.
The Business Times 

GrabPay to extend e-payments to food, retail, other services
Ride-hailing firm Grab will expand its payment platform beyond transport to allow users to pay for food, beverage, retail, entertainment and other goods and services with GrabPay credits.
Today Online 

Two good-class bungalows going for a total of $65m
Good class bungalows (GCBs) rarely come on the market but two of the posh houses in a prime hilltop location are up for sale with a total price tag of around $65 million.
The New Paper 

Bus and train fares could be cut by up to 5.4%
The Public Transport Council (PTC) started its annual exercise to review train and bus fares yesterday, with the maximum reduction in fares allowed this year of 5.4 per cent.
The New Paper 

Singapore: Noble Group seen picking buyer for oil & LNG units in Sept
Trader Noble Group is expected to pick a buyer for its oil and liquefied natural gas (LNG) units by mid-September to cover debts and reduce credit exposure after a first half loss of $1.9 billion, sources familiar with the matter said.

SG Digest: Shenzhen Investment picks stake in Tritech; ST Engineering invests in unit
In the latest series of investments in the country, Shenzhen Investment and Financing Development Company has entered into an agreement to acquire a 29.99 per cent stake in environmental engineering firm Tritech Group, while ST Engineering’s land systems arm made a capital infusion of $10.2 million in SDG Kinetics.


Feature photo Peter Gronemann
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


Singapore morning news by AEC News Today is your one stop source for Singapore news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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